Investor Confidence Declined in January by 3.2 Points to 76.5
January 29 2020 - 10:00AM
Business Wire
State Street Global Markets today released the results of the
State Street Investor Confidence Index® (ICI) for January 2020.
The Global Investor Confidence
Index decreased to 76.5, down 3.2 points from December’s revised
reading of 79.7. The North American ICI fell 3.4 points to 68.2 and
the European ICI dropped from 109.4 to 105.5, a 3.9 point decline.
Meanwhile, the Asian ICI rose 4.8 points to 93.9.
The Investor Confidence Index
measures investor confidence or risk appetite quantitatively by
analyzing the actual buying and selling patterns of institutional
investors. The index assigns a precise meaning to changes in
investor risk appetite: the greater the percentage allocation to
equities, the higher risk appetite or confidence. A reading of 100
is neutral; it is the level at which investors are neither
increasing nor decreasing their long-term allocations to risky
assets. The index differs from survey-based measures in that it is
based on the actual trades, as opposed to opinions, of
institutional investors.
“It is telling that the confidence of European investors has
continued to fall. This is similar to the first round of asset
purchases from the European Central Bank (ECB) that the promise of
buying has as big – if not bigger – signaling effect for investors
than the action of buying itself,” commented Michael Metcalfe, head
of Global Macro Strategy, State Street Global Markets. “Meanwhile,
the cutoff date for this reading (1/22/2020) means that the
potential impact of the escalated contagion from the Novel
Coronavirus on sentiment will not be captured this month.”
The index is released globally at 10 a.m. Eastern time in Boston
on the last Wednesday of each month. More information on the State
Street Investor Confidence Index is available at:
http://www.statestreet.com/ideas/investor-confidence-index.html.
About State Street Corporation
State Street Corporation (NYSE: STT) is the world's leading
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investment servicing, investment management and investment research
and trading. With $34.36 trillion in assets under custody and
administration and $3.12 trillion* in assets under management as of
December 31, 2019, State Street operates globally in more than 100
geographic markets and employs approximately 39,000 worldwide. For
more information, visit State Street's website at
www.statestreet.com.
*Assets under management as of December 31, 2019 includes
approximately $45 billion of assets with respect to which State
Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as
marketing agent; SSGA FD and State Street Global Advisors are
affiliated.
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Expiration Date: 1/31/2021
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Brendan Paul Bpaul2@statestreet.com +1 401 644 9182
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